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RENEGADE EXPLORATION LIMITED — Capital/Financing Update 2012
Mar 19, 2012
65725_rns_2012-03-19_9a66ec78-6a1d-4f98-8e63-b12ca101d6db.pdf
Capital/Financing Update
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ASX Release
WITHDRAWL FROM THE ANYOX COPPER PROJECT
Overland Resources Limited elects not to proceed with the acquisition of the Anyox Copper Project.
20 March 2012
Overland Resources Limited (ASX:OVR, “Company”) advises that the Company has elected not to proceed further with the acquisition of the Anyox Copper Project in northern British Columbia, Canada.
OVERLAND RESOURCES LIMITED
Suite 9, 5 Centro Avenue, Subiaco, WA 6008 Australia
Upon the completion of an extensive due diligence process the Company has been unable to satisfy itself that the potential risks associated with the project warrant its further participation under the proposed terms.
Overland will continue to focus on the development of its advanced Yukon Base Metal Project in Canada.
Tel: +61 8 9226 5566 Fax: +61 8 9226 2027
About Overland Resources Limited
Contact: Hugh Bresser Managing Director
E-mail: [email protected]
Website: www.overlandresources.com
Directors / Officers:
Michael Haynes Hugh Bresser Gibson Pierce Sias Els Nicholas Day
Overland Resources Limited is an Australian Securities Exchange listed minerals exploration and development company with a focus on base metals projects. The Company’s primary objective is to deliver long-term shareholder value by rapidly becoming a mid-tier resource company.
The Company’s core asset is the Yukon Base Metal Project, which includes the shallow, high grade Andrew and Darcy Zinc Deposits in the highly prospective and under explored Selwyn Basin of the Yukon Territory, Canada.
The Company is well positioned to continue to explore and develop opportunities within the Selwyn Basin while it advances the Yukon Base Metal Project through the mine permitting process.
Work is well advanced on the technical, economic and environmental components of a feasibility study into the development of the Yukon Base Metal Project. The Company is aiming to submit a mine permitting proposal to the executive committee of Yukon Environment and Socio-economic Assessment Board (YESAB) during 2012.
Issued Capital:
194.1 million shares 15.8 million unlisted options
ASX Symbol : OVR
Hugh A Bresser
Managing Director
OVERLAND RESOURCES LIMITED
TERMINATION OF NEGOTIATIONS ON THE ANYOX COPPER PROJECT